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Republic of Srpska awards concession for Trebinje 3 solar project

The Ministry of Energy and Mining of the Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, has awarded a concession to power utility Elektroprivreda Republike Srpske for the proposed Trebinje 3 solar power plant.

The Trebinje 3 photovoltaic plant would have an installed capacity of 53.63 MW and an estimated annual production of 85.5 GWh.

According to the ministry, construction is expected to be completed within the next four years. The concession has been granted for 50 years and the total investment value is BAM 84.2 million (EUR 43.1 million), the ministry said.

Before finalizing the concession contract, the concessionaire, state-owned Elektroprivreda Republike Srpske (ERS), delivered a one-off payment to the budget of the Republic of Srpska of BAM 842,049 (EUR 430,992).

Almost the entire amount of the concession fee will be allocated to the budget of the City of Trebinje

After the facility becomes operational, the concessionaire will be obligated to pay a fee of BAM 0.0055 (EUR 0.0028) per kWh of generated electricity to the budget of the Republic of Srpska. A 95% share is allocated for the budget of the city.

The concession agreement for the construction and operation of the Trebinje 3 solar power plant was signed by the Minister of Energy and Mining of the Republic of Srpska Petar Đokić, who will be among the speakers at Belgrade Energy Forum 2025 (BEF 2025), and ERS CEO Luka Petrović.

ERS already has two concessions for solar power projects

It is the third concession that the company received for solar power plants from the government. The first, for Trebinje 1, with a capacity of 73 MW, was awarded in 2020..It was followed by Trebinje 2, for 53 MW, awarded in 2022. Neither of the two PV plants has been constructed yet.

In March 2022, ERS announced Lugos Renewables was acquiring 70% ownership of the Trebinje 1 project, with ERS retaining control of the remaining 30%.

In February of this year, the Government of the Republic of Srpska approved concessions for two solar power projects. Their total capacity would be 110 MW.

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Army joins forces with municipality, energy company, road firm to install solar panels in Slovenia

The Sunčana Vipava solar power project has brought together several key stakeholders in Slovenia – state electricity producer Soške Elektrarne Nova Gorica (SENG), the Ministry of Defense of the Republic of Slovenia (MORS), road management firm Družba za Avtoceste v Republiki Sloveniji (DARS), and the Municipality of Vipava.

The Sunčana (Sunny) Vipava project envisages installing solar power plants with a total capacity of 20 MW along highways, near military barracks, and on municipal land.

The initiative is seen as a strategic move towards achieving greater energy independence, enhancing energy supply security, and promoting sustainable development through advanced photovoltaic solutions, in both military and civilian areas, according to SENG.

The company operates 28 hydropower plants, with a combined capacity of 346 MW, on the Soča River and its tributaries, and is part of the Holding Slovenske Elektrarne (HSE) group.

In the Vipava municipality, SENG has identified several potential sites for harnessing solar energy, located adjacent to military barracks, along highways, and on municipal land.

The Vipava municipality intends to establish business zones in the vicinity of the future solar plants

The primary objective for all parties involved in the agreement is to maximize the utilization of solar potential, in conjunction with modern technologies such as hydrogen, SENG underlined.

The estimated potential at these sites is substantial, and it is currently financially viable to install solar panels with a total capacity of 20 MW. Additionally, the Municipality of Vipava plans to develop business zones in the vicinity of the future photovoltaic plants.

SENG and DARS have had a longstanding collaboration, initiated in July 2023, when the two state-owned companies agreed to develop solar power plants next to highways and signed a contract to build the first one in the southern region of Primorska.

SENG stressed the Sunčana Vipava project is one of its several green initiatives. The company plans to open its largest solar power plant at Kanalski Vrh before summer. The plant, located near the Avče pumped storage hydropower plant, will have a total capacity of 8 MW, and its first, 2.9 MW phase is nearing completion.

The official opening of the first phase is scheduled for early June.

Slovenia’s army involved in various energy projects

Photo: SENG

The involvement of the Ministry of Defense of the Republic of Slovenia (MORS) and Slovenian Armed Forces in energy projects is not a surprise.

In April 2023, a public-private partnership was initiated to build photovoltaic plants at the Edvard Peperko military barracks in Slovenia’s capital, Ljubljana. A year later, MORS launched the Defense Resilience Hub Network in Europe (RESHUB) project, which envisages establishing self-sufficient energy hubs.

In addition to highways and military barracks, Slovenia plans to install solar panels along railways, demonstrating its commitment to placing solar energy facilities in degraded or underutilized locations.

A cooperation agreement for this project was signed by Vipava Mayor Anton Lavrenčič, Slovenian Minister of Defense Borut Sajovic, DARS Board Member David Skornšek, and SENG CEO Mitja Gorjan.

Gorjan explained that SENG’s responsibilities include preparing project and investment documentation for the installation and construction of solar power plants at the Mlake military training ground, along military infrastructure and the highway, and in other locations within the Municipality of Vipava.

According to HSE CEO Tomaž Štokelj, the locations for energy facilities in the Vipava region present excellent opportunities for the multifunctional use of space.

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Investors in BiH developing 3,800 MW of wind, 12,500 MW of solar

Wind farms with a capacity of 3,800 MW and solar power plants with a capacity of 12,500 MW are currently in various stages of development in Bosnia and Herzegovina, according to the indicative plan for the development of production  2026-2035, published by the Independent System Operator in Bosnia and Herzegovina.

The goal of the ten-year plan is to provide information on projects initiated for the construction of new production capacities to be connected to the transmission system, according to the transmission system operator (TSO), Independent System Operator in Bosnia and Herzegovina (NOSBiH).

The plan is supposed to prioritize covering domestic consumption and capacity needs with domestic resources.

NOSBiH said investors continued in 2024 to apply with their renewable energy projects. The interest in grid connections wasn’t affected by the significant reduction in electricity purchase prices, especially for the hours when solar power plants typically produce, it added in the plan

A lack of transmission capacities could become an obstacle to the export of electricity

According to the register of the applications for grid connections, which Elektroprenos BiH manages, there are about 3,800 MW of proposed wind farms and 12,500 MW of photovoltaic facilities in various stages of development, NOSBiH underlined.

Results of an adequacy assessment showed that increasing production makes it possible to increase exports. BiH’s TSO warned that in such a scenario, the currently planned transmission capacity expansion wouldn’t be sufficient.

Another 100 MW of solar is seen coming online in BiH by the end of 2025

With the current production development plans, the system could be left without sufficient balancing capacities. NOSBiH therefore called for developing balancing capacities in parallel.

The document shows that four solar power plants of 206 MW in total were added last year to the transmission network in BiH: FNE Zvizdan (28.5 MW), SE Bileća (55 MW), FNE Hodovo (92.47 MW), and FNE Deling invest 1 (29.75 MW), together with one wind farm, VE Ivovik, of 84 MW. In February of this year, the Ivan Sedlo wind farm (25 MW) was also put online.

By the end of 2025, the start of trial operation of another five PV plants is expected, the plan showed. They would have 100 MW altogether: FNE Hodovo F1-F4 (11.96 MW), FNE Brotnjo (9.98 MW), FNE Polog 1-8 (7.99 MW), FNE Plavo Sunce 1-2 (40 MW) and FNE Livno 1-6 (27.6 MW).

Batteries can bridge the period until the transmission grid capacity becomes adequate

The plan anticipates a similar tempo of grid connections for 2026, too.

In that case, along with the integration of renewables into the distribution network and similar power plants coming online in neighboring countries, a congestion can appear in the transmission network, together with complications in operating the country’s transmission system from a regulatory point of view, NOSBiH said.

Battery energy storage systems can solve both potential issues in the medium term, until investments get the transmission grid to an adequate level, it suggested.

BiH needs battery capability of 225 MW and 450 MWh in total capacity

The company recalled that a year ago it produced a study, together with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), provisionally called Operational Models for Battery Energy Storage Systems in the Balancing Market of NOS BiH.

They estimated the need for additional balancing based on hour-by-hour production profiles for facilities of 1,500 MW in total photovoltaic capacity and 1,000 MW of wind. The authors said a combined 225 MW in battery operating power is required and an overall capacity of 450 MWh.

The study also explored revenue generation opportunities for BESS, particularly through participation in the ancillary services market.

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Croatian firm ENNA takes over 87.5 MW solar project in Romania

Croatian energy company ENNA Solar, part of ENNA Group, has signed an agreement with Austria-based Kraftfeld Energy to acquire an 87.52 MW ready-to-build solar power plant project in Romania.

ENNA Solar plans to start construction in the third quarter of 2025, with the solar power plant expected to be fully operational and connected to the grid by the third quarter of 2026, according to a press release from the Croatian company.

“The investment, valued at around EUR 60 million, represents our first large-scale project outside of Croatia and one of our biggest green energy production investments to date,” said Boštjan Napast, President of the Management Board of ENNA Group.

The plant is expected to generate an average of 133 GWh a year

The solar power plant will be built in Giurgiu county, near the town of Mihăilești, 25 kilometers southwest of Bucharest. It would cover an area of 93 hectares, approximately the size of 130 football fields, ENNA stated. Its expected average annual electricity output is 133 GWh.

In the site’s close vicinity, Israel-based Nofar is building the 146 MW Ghimpați solar power plant, while the locations for its 169 MW Iepurești plant and 74 MW Slobozia facility are nearby as well.

Austria’s Kraftfeld Energy, which developed the Mihăilești project, owns and operates solar farms and energy storage systems in several European countries, primarily Romania, Hungary, Croatia, and Austria.

The investment in the solar power plant in Romania aligns with ENNA Group’s 10-year development plan, which includes investments totaling EUR 330 million in solar in Croatia and abroad, according to the press release.

ENNA also develops wind farms, geothermal projects, and battery storage systems

In addition to solar, ENNA also invests in wind farms, battery storage systems, and geothermal energy projects. It already has around 50 MW of completed renewable energy projects or projects in an advanced stage of readiness, as well as approximately 350 MW in various stages of development.

In the geothermal sector, ENNA has two active geothermal power plant projects in Croatia, with a capacity of 20 MW and 15 MW, respectively, representing a total investment of EUR 240 million.

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Zagreb on track to reach almost 20 MW of solar on public buildings

Zagreb operates solar power plants with a total capacity of 2.43 MW on public buildings, and an additional 16 MW is set to be installed on roofs, according to Mayor Tomislav Tomašević.

In 2021, the capital city of Croatia presented the Sunny Roofs program for the installation of photovoltaic plants with a combined capacity of 50 MW. Implementation began three years ago with the Solarization of Institutions of the City of Zagreb (SOLIZAG) project.

It was worth EUR 1,1 million. Within SOLIZAG, power plants were installed on eight city buildings – swimming pools Utrina, Svetice, and Jelkovec, kindergarten Trnsko, psychiatric hospital Sv. Ivan, homes for the elderly Trešnjevka 1 and 2 and waste management utility Čistoća. They have a total capacity of 1.6 MW.

The city currently has 2.43 MW of solar power plants in operation on public buildings

“In total, we currently have 2.43 MW of solar power plants in operation on public buildings owned by the City of Zagreb. It is three times the capacity we found in June 2021, only 0.7 MW,” Tomašević stated.

Currently, a total of 16 MW of solar power plants on city-owned buildings have been contracted or are in the process of being contracted. A firm has been selected for the design and construction of 10 MW of solar panels on approximately 200 city buildings, with implementation set to begin this year.

The mayor describes it as the largest investment in the solarization of public buildings in Zagreb’s history. In his view, it is a key step toward the goal of a more energy self-sufficient city.

Residents of Zagreb have a digital platform for assessing the solar potential of their roofs

In addition to the investments, commercial projects are being developed through the company Zagrebački Sunčani Krovovi. The PVMax project, supported by the North-West Croatia Regional Energy Agency (REGEA), is also underway for 41 MW in total on company buildings. So far, 6 MW has been installed.

Residents of Zagreb can assess the solar potential of their roof on a digital platform. It also calculates the cost-effectiveness.

Croatia’s capital is also participating in the Climate City Contract, which unites 100 cities committed to achieving climate neutrality by 2030. As part of the initiative, Zagreb is preparing a climate neutrality plan, expecting to adopt it this year.

Marking Earth Day, Mayor Tomašević visited one of the PV plants built within the SOLIZAG project, at the Svetice swimming pool complex. He was accompanied by his deputies Danijela Dolenec and Luka Korlaet.

Photo: City of Zagreb
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Montenegro’s power consumption grows 25%

Electricity consumption in Montenegro has risen by 25% over the past four years, driven, among other factors, by solar power expansion. The installed capacity of photovoltaic plants amounts to around 80 MW, and it is expected to exceed 100 MW by the end of the year.

Jovan Kasalica, executive manager of the supply department in power utility Elektroprivreda Crne Gore (EPCG), attributed the surge in electricity consumption both to a low price of electricity and the growing contribution of solar power plants.

“The majority of this increase is linked to the heating sector, especially in central and northern Montenegro. We are making a significant contribution to decarbonization in the region, which we will document with precise data,” Kasalica noted at the international conference Energy 2025, held in the Zlatibor mountain in Serbia.

Rooftop solar is capacity is increasing

He said the development of the solar power segment was successful. Currently, nearly 80 MW of solar capacity is operational in Montenegro.

The Solari 3000+ and 500+ project brought online 30 MW of solar panels, and the second project, Solari 5000+, which aims for another 70 MW, is currently in advanced stages.

The initiatives focus on installing photovoltaics on the roofs of households and businesses, enabling citizens and entrepreneurs to produce electricity for self-consumption and become prosumers.

The Gvozd wind farm is set to be connected to the grid by the of the year

By the end of the year, it is anticipated that the total capacity of PV facilities in Montenegro will surpass the planned 100 MW, according to Kasalica.

He further noted that the company didn’t have any additional costs for the Solari 3000+ project, because the loans for the installation were switched to the funding facilities and consumers. The project has resulted in lower bills and greater energy efficiency, Kasalica said.

Additionally, he announced plans to connect the 54 MW Gvozd wind farm to the grid by the end of the year.

In addition to increasing the number of prosumers in Montenegro, EPCG plans to install ground-mounted solar power plants and to put online a total capacity of 200 MW within the next three years.

The company has also recently kicked off the main phase of the so-called ecological reconstruction of the Pljevlja thermal power plant. The only coal-fired facility in Montenegro won’t produce electricity until November.

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Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition

The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup of speakers. Make sure you register on time via this link.

The Belgrade Energy Forum will once again be a meeting place for representatives of regional and international institutions and organizations, as well as the business community from across the region, Europe, and the world.

Eight panels featuring more than 50 speakers will offer an overview of the current challenges in the energy sector. Conference participants will hear in-depth analyses of the current situation, but also projections for the future. The thread that connects everything at this year’s BEF is digitalization – it permeates energy production, consumption, and storage and allows enough flexibility for the stable functioning of the energy systems of the future, where renewable energy will dominate.

Chikán: Electricity knows no borders

One of the key speakers at the conference, Alteo Group CEO Chikán Attila, will lead the company’s high-level delegation. Alteo has recently launched a regional expansion drive, aiming to establish a green platform of up to 2 GW in energy production, including operation, software, maintenance, storage, and waste management.

The Hungarian company primarily targets its home market, Slovakia, Croatia, and Serbia.

“Electricity knows no borders, therefore partnerships and collaborations among energy market players are essential, even at the regional level. Such cooperation is vital to ensuring the security and reliability of electricity supply, facilitating the integration of renewable energy sources, and providing essential digital solutions, supported by expertise and professional know-how,” Chikán stressed.

Decarbonization strategies for power generation in Southeast Europe 2040/2050

  • Dejan Paravan, CEO, GEN Energija
  • Dušan Živković, CEO, EPS
  • Eric Scotto, CEO, AKUO
  • Milutin Đukanović, Chairman, EPCG Board of Directors
  • Neda Lazendić, Country Manager, WV-International

Although at the heart of national energy systems, state-owned power utilities are faced with an environment that has changed and continues to change rapidly. The key shift is the entry of private capital into electricity production through the construction of solar power plants and wind farms.

The energy transition, at this stage, requires cooperation between state power utilities and private companies. With decarbonization as the main objective, the key challenge lies in choosing appropriate strategies and electricity generation technologies.

Moderating the panel will be Dražen Jakšić, Director of the Energy Institute Hrvoje Požar (EIHP).

“The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation. As a sponsor of the Belgrade Energy Forum, EIHP is committed to fostering dialogue and driving sustainable energy solutions. I look forward to an insightful discussion,” he stressed.

Jakšić: The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation

In recent years, nuclear energy has emerged as a possible alternative. There is hardly a better interlocutor on this topic in the region than Dejan Paravan, the top man of GEN Energija, the Slovenian company developing the Krško 2 nuclear power plant project.

Dušan Živković, CEO of Elektroprivreda Srbije (EPS), will tell us about the Serbian power utility’s plans when it comes to nuclear energy.

Živković: Without decarbonization, the region’s energy sector has no future

“Without decarbonization, there is no future for the region’s energy sector, and that is the biggest challenge ahead of us. It is essential to accelerate decisions and ensure sustainable project financing mechanisms that will provide energy security for every country and power utility in the decades to come. By investing in existing capacities and new renewable energy projects, EPS, as the biggest utility in the region, will make its own contribution to energy security. That’s why we have initiated a transformation process – because we need to be more profitable, more efficient, and fully prepared to tackle any challenge,” Živković pointed out.

The energy transition, in his words, is the path EPS has chosen, and all its plans will align with that goal, based on the belief that the diversification of energy sources and new technologies are essential for achieving it. “These are just some of the key messages I will share with the participants of this year’s BEF,” said Živković.

Eric Scotto, co-founder and CEO of French company Akuo, will share the latest information on the energy transition from across the globe.

The company’s portfolio consists of 1.9 GW of power plants in operation and under construction, with a further 12 GW in the pipeline in more than 20 countries around the world, including a number of countries in the Southeast Europe region.

Integration of Western Balkans electricity markets into internal European market through market coupling

  • Anže Predovnik, Director, ADEX Group
  • Ivan Asanović, Executive Director, CGES
  • Marko Bislimoski, President, Energy, Water Services and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia
  • Zoran Vujasinović, Policy Officer, ACER

The integration of the Western Balkans’ electricity markets with the European Union (EU) markets is a process that deserves much greater public attention than it currently receives. It is safe to say that its true importance will become evident only once it is completed.

Full integration will unlock significant synergies, maximizing the benefits of a unified market by enhancing supply security, accelerating the integration of renewable energy sources, and fostering greater competition and transparency.

Moderator Dejan Stojčevski, CTO of the SEEPEX power exchange, says the panel seeks to encourage dialogue on the importance of cross-border collaboration and market efficiency in bolstering energy security and sustainability in the region.

Bislimoski: The time for inspiring speeches is over. Geopolitical developments demand action – now!

Since market integration is largely the job of regulators, the challenges they face will be analyzed by Marko Bislimoski, president of North Macedonia’s Energy and Water Services Regulatory Commission (RKE).

He says that three things are essential for the regional integration of electricity markets into a single European market: investment, investment, and nothing but investment. In his words, the energy crisis demonstrated that limitations become a reality when governments fail to prioritize the implementation of key energy infrastructure capacities in their budgets.

“This past winter, the region faced the highest electricity prices compared to the rest of Europe. Why? Because the implementation of energy investments is not just a ribbon-cutting ceremony. Today, more than ever before, the countries of the former Yugoslavia must demonstrate maturity. These are the years when energy independence will be built through action. The time for inspiring speeches is over. Geopolitical developments demand action – now!” he stressed.

Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions

  • Aleš Prešern, VP, Head of Southeast Europe, Siemens Energy
  • Maja Turković, SVP, CWP Europe
  • Ann-Catherine de Tourtier, Managing Director Mediterranean, Nordex Group

As much as contesting the energy transition may be futile, there are still those who find such a view meaningful, especially in light of certain global political developments. That’s why it is important to give the floor to some of the transition leaders and let them testify that an energy revolution is indeed underway in the region.

The panel’s moderator Mirza Kušljugić – professor, energy expert, and one of the founders of Bosnia and Herzegovina’s Centre for Sustainable Energy Transition Centre (RESET) – goes one step further to show that change is not only happening but also accelerating.

“The key words are a new energy paradigm driven by the four Ds – decarbonization, digitalization, decentralization, and democratization. But now we also have another D: disruption, or radical change in the industry and market caused by technological innovation. Of course, we must focus the discussion – from global processes (China, the US, the EU, the Global South) to where the region stands in all of this,” Kušljugić points out, providing a perfect introduction to the panel.

Turković: It’s more important than ever to have open discussions about real solutions

Aleš Prešern, Vice President and Head of Southeast Europe at Siemens Energy, has worked in the energy sector for more than 20 years. He recalls that digitalization is key, along with grid resilience and electricity transmission.

With nearly 100,000 employees in more than 90 countries, Siemens Energy develops the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in the company’s research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.

As a leader in renewable energy development, CWP is actively working on several large-scale projects across the SEE region with a total capacity exceeding 7 GW, positioning the company at the forefront of the region’s energy transition. Given its global expertise and insights into the regional energy market, CWP’s contribution to this year’s conference will be invaluable.

Maja Turković, Executive Vice President of CWP Europe, says that BEF 2025 is a key gathering of leading experts driving the energy transition in Southeast Europe.

“As this shift gains momentum, it’s more important than ever to have open, action-driven discussions about real solutions to the challenges and opportunities ahead,” says Turković.

PPAs as a key to renewable energy growth in SEE

  • Nikola Gazdov, Chairman, Association for production, storage and trading of electricity – APSTE
  • Natalija Ljubić, Manager PPA & BESS Transactions, Pexapark
  • Ivana Đurović, Category Manager Renewable Energy, Knauf Group

Power Purchase Agreements (PPAs) are, like flexibility, a tool for fixing the imperfections of renewable energy sources, and they are recognized as a key mechanism within the new electricity market design. They ensure price stability, attract new investment, and accelerate the decarbonization of industry.

Is the region ready for PPAs? What are the dominant models? What is the current market practice? How are PPAs viewed by financial institutions? What do they offer to end consumers and what to investors in new power plants? Answers to these questions will be sought at the panel moderated by Mislav Slade-Šilović, Energy, Utilities & Resources Consulting Leader for Southeast Europe and member of the core PPA team at consultancy PwC.

Experience with PPAs for more than 500 GWh of electricity

Slade-Šilović’s experience in concluding PPAs for the production and consumption of over 500 GWh of electricity per year in the SEE region will certainly be of help.

Nikola Gazdov, Chairman of Bulgaria’s association for electricity production, storage, and trading (APSTE) and member of the Board of Directors of the European solar industry association SolarPower Europe, has no shortage of experience either. As CEO of three companies – Enery Element GmbH, Element Power Group, and Renergy – he is involved in the development of a large number of projects.

Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.

The views of electricity buyers – without whom there would be no PPAs – will be conveyed by Ivana Đurović, Category Manager for Renewable Energy at Knauf Group.

Market flexibility: the backbone of a resilient energy system

  • Roman Bernard, CEO, NGEN
  • Luka Renko, COO, KOER
  • Alteo Group representative
  • Nikolaj Candellari, Project Manager and Market Intelligence, CyberGrid
  • Marko Zarić, EMS

Moderating the panel will be Elena Boškov Kovač, co-founder and CEO of Blueprint Energy Solutions, and a leading voice on market flexibility in Europe.

She will host representatives of the sector’s leading companies: NGEN, Alteo, KOER, CyberGrid, as well as Serbia’s transmission system operator Elektromreža Srbije (EMS).

“Excited to moderate a high-impact panel on ‘Market Flexibility: The Backbone of a Resilient Energy System’ at the Belgrade Energy Forum 2025,” says Boškov Kovač, whose work has shaped smart grid strategies and digitalization innovation agendas across the EU and under ETIP SNET.

As Europe accelerates its shift to renewables, market flexibility is emerging as the cornerstone of reliable, affordable, and decarbonized energy systems. With the European flexibility market promising to unlock over EUR 20 billion in savings, this session will explore how digital tools, flexible assets, and new market designs are unlocking value and resilience across the grid.

Slovenia’s NGEN is the technology sponsor of BEF 2025

Slovenian energy company NGEN, the technology sponsor of the conference, has managed to establish itself as a significant player in European markets in just five years of operation and is now ready to enter the Western Balkans’ markets.

Specializing in premium battery storage systems and smart energy solutions, the company is developing systems with a total capacity of 1.6 GWh in European countries. Its founder, Roman Bernard, will be speaking at the panel.

Also taking part in the panel will be Luka Renko, COO of KOER, a pioneer in virtual power plants in the region.

Rounding off the lineup of exceptional panelists will be Nikolaj Candellari, who is responsible for project management at CyberGrid. The software company was acquired a few years ago by Austria’s EVN, one of the first to demonstrate that greater integration of renewable energy sources, battery storage, and prosumers is not possible without digitalization and software solutions.

In a nutshell, this innovative company stands for the digitalization of the energy sector, with a focus on virtual power plants.

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4 GW of solar, wind projects in pipeline in Montenegro – minister

Montenegro has solar and wind projects in the pipeline with a total capacity of 4,000 MW, according to Admir Šahmanović, Minister of Mining, Oil and Gas and the Coordinator of the Ministry of Energy.

Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries in the energy sector.

Montenegro offers exceptional opportunities for investors, especially in the field of renewable energy sources, Šahmanović added. Of note, he will be one of the key speakers at the Belgrade Energy Forum conference on May 14 and 15.

The planned solar power plants and wind farms would increase the country’s production capacity from the current 1 GW to 5 GW, representing a huge potential for the energy transition and long-term supply stability, he pointed out.

A second line within the underwater power link with Italy would further increase energy security

The minister also stressed the importance of expanding the power interconnection with Italy with a second line of the subsea link. The project would further increase the transmission capacity and ensure even greater energy security, he underlined.

Since 2019, the underwater cable has been enabling stable transmission of electricity between the Balkans and the European Union. In the minister’s words, the second line would further strengthen energy security and increase the use of renewable energy sources in the region.

Photo: Government of Montenegro

In addition to renewables, Šahmanović sees the mining sector as another opportunity for cooperation. A more detailed analysis of existing resources is needed, he said and added that Montenegro has valuable mineral resources that must be used with the implementation of sustainability standards.

The country needs strategic partners to modernize the sector while implementing the highest environmental standards, Šahmanović pointed out.

The round table was organized by the Embassy of Italy and the Italian Trade Agency (ICE), in cooperation with the Chamber of Commerce of Montenegro.

Ambassador of Italy Andreana Marcella said the event was a result of earlier talks between the governments of the two countries. She expects the final B2B and B2G meetings to bring concrete results in the energy, agriculture, and infrastructure sections.

According to ICE manager Antonio Ventresca, the round table marks the beginning of long-term cooperation. The event was also attended by the Montenegrin ministers of ecology and tourism Damjan Ćulafić and Simonida Kordić, respectively.

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Solar, nuclear lower Europe’s power prices by 30% in March

Electricity generation in solar and nuclear power plants, combined with higher temperatures, lowered the price of electricity in Europe in March by almost 30% on a monthly basis, according to Eurelectric’s data.

Photovoltaics broke the record in power generation in March for the third consecutive month, Eurelectric said, adding that they accounted for more than 10% of Europe’s electricity mix.

The boost in solar power, combined with improved nuclear generation and milder weather, decreased power prices to EUR 90 per MWh from EUR 126 per MWh, registered in February, and EUR 112 per MWh in January.

The organization attributed high prices in the previous two months to low wind generation, increased power demand and the highest gas prices in two years. Ongoing global geopolitical tensions and outages in Norway exerted upward pressure on the cost of gas while limited storage and flexibility sources forced a heavier reliance on gas to supply electricity.

65 GW of solar was added in 2024

Eurelectric said solar rescued Europe with sunnier days and the rise in capacity, with 65 GW added in 2024 alone. As a result, the share of renewables in the power mix was 15 percentage points higher in March compared to February, though one point lower than in March 2024.

Nuclear energy contributed to the decrease in prices with the rise of its share in power production from 24% in March 2024 to last month’s 26% after a few French nuclear reactors came back online, Eurelectric said.

Nevertheless, the average day-ahead electricity price in the first quarter of 2025 was 51% higher than in the first three months of last year. The surge was primarily driven by higher average gas prices, which grew by 33% in the same period, according to the data.

Ruby: Europe remains too vulnerable to fossil fuel price fluctuations

The organization’s Secretary General Kristian Ruby stressed that Europe remains too vulnerable to fossil fuel price fluctuations, especially during periods of high electricity demand. “To counter this, we must speed up the roll-out of demand side response and storage technologies and further incentivise the use of long-term power purchase agreements,” he noted.

Eurelectric sees solutions in capacity mechanisms and flexibility-supporting schemes. Flexibility is also crucial when it comes to balancing negative prices, which are occurring more frequently. As solar generation rose in March, negative prices made a comeback, particularly in Nordic and Western European countries, the organization of the European electricity industry pointed out.

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Serbia allocates entire quota at second auctions, investors to install 645 MW of wind, solar

Serbia allocated the entire 424.8 MW quota in its second wind and solar power auction. According to the Ministry of Mining and Energy, the winning bids came from investors from China, the United States, France, and Serbia. They intend to install ten power plants with a total capacity of 645 MW.

The Ministry of Mining and Energy conducted the second round of renewable electricity auctions. Forty-one applications were submitted for market premiums, and 37 were declared valid. Both segments were oversubscribed. Investors in wind submitted bids for 444 MW, and the quota was 300 MW. For solar, they applied for premiums for 260 MW, compared to the available 124.8 MW.

The winners have the right to sign 15-year contracts for difference (CfDs).

Seven bids were declared valid for wind, and five filled the quota. Investors will build wind parks with an overall capacity of 468 MW, and premiums will be awarded for 300 MW, according to the proposed ranking list, published on the ministry’s website, which tracks renewable energy tender procedures. The maximum acceptable bid for wind farms was EUR 79 per MWh, and the investors offered from EUR 53.59 to EUR 68.25, according to the announcement.

These are the winning bidders: Matrix Power, owned by French developer Akuo Energy, Windvision Windfarm A, Windvision Windfarm B, Crni Vrh Power, owned by Chinese companies Shanghai Electric Power & Energy Development Limited and CMC Capital, and Jasikovo, owned by Serbian citizens.

The crowd was much bigger for the solar segment. Five projects won the right to market premiums. A total of 30 applications were valid. The quota was 124.8 MW, and the selected investors are set to install photovoltaic plants with 177 MW in combined capacity, the ministry’s proposed ranking list shows.

It said that the investors offered prices from EUR 50.9 to EUR 59 per MWh. The ceiling for electricity from photovoltaic plants was EUR 72. The following firms had winning bids: Vemi Biogas, Kobra Global, Solarina, Mona Green Energy 2, and Brankov Solar. The 150 MW Solarina project is the only large one, while Brankov Solar is an agrisolar one.

Solarina is owned by CWP Europe, and Mona Green Energy 2 by Serbia’s Mona Holding. The three other firms are owned by Serbian citizens.

The ministry noted that the total planned investments of the winning bids is EUR 782 million.

Đedović Handanović: All produced electricity will be offtaken by Serbia’s utility EPS

Minister Dubravka Đedović Handanović said the second round of auctions was highly successful in capacity and offered prices. Importantly, all electricity from the power plants that get the premiums will go to state-owned power utility Elektroprivreda Srbije (EPS) and be used to supply domestic businesses and households.

“The offered prices are very competitive, i.e. EUR 50.9 per MWh for solar and EUR 53.5 per MWh for wind, which is significantly below the market levels. According to our incentives model, this means we don’t expect power plants will be subsidized but that they will return windfall profit to the state as long as market prices are higher than those offered by the auction winners,” she stated.

The confirmation of good conditions for investment in Serbia

Đedović Handanović stressed that the high interest by investors is a confirmation of good conditions for investments in Serbia.

“In addition to domestic investors, the winners of these auctions are also investors from China, the USA, and France. It demonstrates that Serbia is globally recognized as a good destination for investment, which will be very significant in achieving our strategic goals in the energy transition process,” she said.

In 2023, the Government of Serbia adopted the incentives plan for renewables for a three-year period through 2025. It said it would award market premiums for 1.3 GW. The first round of auctions was conducted in 2023. The selected projects, for 715 MW in total capacity, are all supposed to be connected to the grid by the end of next year.